Housing expenditure plans

This Chapter considers key trends in housing expenditures and rents. In particular it comments on the difficultly in comparing the latest ODPM housing expenditure plans with those for previous years, and the limited information provided in this years ODPM annual report.

It also discusses the implications of the HM Treasurys new 'Green Book' conventions that set a 3.5% annual discount for evaluating the relative merits of alternative expenditure options over time. There are also some critical observations on the recent National Audit Office and Committee of Public Accounts reports on stock transfers.

The chapter also sets out a new analysis of the average period of post purchase occupation by right to buy applicants. This leads to the conclusion that, in broad terms, the right to buy now provides value for money to the exchequer.

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Table 2.4.1	Housing components of the Communities Plan Summary Budget
Figure 2.4.1	Post-1999 decline in Right to Buy discounts

Note: The majority of the tables in The Review contain UK-based figures, but sometimes figures for Great Britain are used depending upon the sources. All other tables will refer to the country(ies) concerned. Where English regional figures are shown, this is usually indicated in the title. Tables showing breakdowns between England, Wales, Scotland and/or Northern Ireland are indicated with a single *, and those showing international comparisons with two **.

Data in tables and figures is frequently rounded and/or updated and therefore will not always add up exactly.